Kirloskar Electric Company has received approval from its board for the sale of company’s non-core asset i.e., immovable property admeasuring 32 acres situated at Hubbali, Karnataka on such terms and conditions as set out in the agreement to sell. The total consideration for the proposed sale would be Rs 100 crore.
Kirloskar Electric Company is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.